The real estate market is undergoing a significant transformation due to a recent settlement involving the National Association of Realtors (NAR). If you’re a homebuyer, seller, or even a real estate professional, understanding these changes is crucial for navigating the complexities of property transactions in this new environment. Here are the key elements of the […]
Have you ever wondered why so many homes seem to be staying off the market lately? It’s not just a coincidence; there’s a significant factor at play called mortgage rate lock-in. Let me walk you through what this means and why it’s so important in today’s housing market. What is Mortgage Rate Lock-In? Imagine you’re
Understanding the Impact of Mortgage Rate Lock-In on Home Sales Read More »
For seniors aged 62 and over, managing cash flow in retirement can be challenging. While Home Equity Lines of Credit (HELOCs) are a well-known method for leveraging home equity, they may not be the best choice for older homeowners due to their variable payment schedules and potential for payment spikes. Instead, reverse mortgages, especially the Home Equity Conversion Mortgage (HECM), offer a more suitable alternative.
Leveraging Home Equity in Retirement: The Advantage of HECMs Over HELOCs Read More »
Imagine owning a multi-family home, living in one unit, and having the other units pay your mortgage. Sounds like a distant dream, right? Not anymore! Here’s a game-changer: Fannie Mae has just made it incredibly easier for you. Previously, buying a multi-unit home required a hefty 15%-25% down payment. But now, hold onto your hats,
Imagine Become a 1st Time Homebuyer and Investor in One Swoop Read More »
Breaking down the misconception surrounding down payments is vital for first-time homebuyers. Discover the truth about affordable down payment options, seize the opportunity to build wealth through homeownership, and leave renting behind for good
Overcoming the Down Payment Barrier: A Guide for First-Time Homebuyers Read More »
When it comes to purchasing a home, there are crucial decisions to be made, and one of the most significant choices is where to use a mortgage broker.
Mortgage Brokers: The Better Option for Homebuyers Read More »
Uncertainty surrounding the debt ceiling caused volatility in the markets, while inflation was hotter than expected in April. Tight supply continues to be a key factor impacting home sales. Here are the headlines. Better Progress to Come on Inflation The Fed’s favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that headline inflation increased 0.4% in
Mortgage Market News Read More »
Prop 19 has brought significant changes to property tax rules in California. If you’re a property owner in the state, it’s essential to understand what these changes mean for you. In this blog post, we’ll break down Prop 19 rules, including property tax transfers, inherited property rules, and the parent-child exclusion. We’ll also explore how these changes could impact your property taxes and what you need to know to stay compliant.
What is a non-qualified mortgage (non-QM)? This is a home loan that is not required to meet agency standard documentation requirements as outlined by the Consumer Financial Protection Bureau (CFPB). To understand what a non-QM loan is, we need to look back prior to the Mortgage Melt Down back in 2008. Many remember this as
Non-Qualified Mortgages: The Good, The Bad and The Ugly Read More »
Last year, the real estate market was so hot that many buyers had to pay over asking price and struggled to get favorable terms. But today’s housing market is allowing buyers more room for negotiation and discounts. This sets the stage for a potential opportunity. There are signs that inflation is beginning to ease, and
There is an Opportunity Brewing in the Housing Market Read More »